Finance Minister questions Fonterra over price of butter

The eye-watering price of butter has prompted Finance Minister, Nicola Willis to ask for a please explain from her former employer Fonterra. Checkpoint has run numerous stories about the cost of the pantry staple, with the price climbing as high as $18 for a tub of semi-soft butter. Fonterra has pinned the price of dairy products here on the global dairy trade auction price, but Willis has questioned why people overseas are getting a better deal. Farmer and former Fonterra Board member Leonie Guiney spoke to Lisa Owen.